Common use of General Consequences Clause in Contracts

General Consequences. Subject to Section 5.7 (Termination Fee), in the event of the termination or abandonment of this Plan pursuant to the provisions of Section 7.1, this Plan shall become void and have no force or effect, without any liability on the part of the Parties or any of their respective directors or officers or shareholder with respect to this Plan.

Appears in 2 contracts

Samples: Merger Agreement (Heritage Financial Corp /Wa/), Merger Agreement (Heritage Financial Corp /Wa/)

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General Consequences. Subject to Section 5.7 (Termination Fee7.2(B), in the event of the termination or abandonment of this Plan pursuant to the provisions of Section 7.1, this Plan shall become void and have no force or effect, without any liability on the part of the Parties or any of their respective directors or officers or shareholder shareholders with respect to this Plan.

Appears in 1 contract

Samples: Merger Agreement (Interwest Bancorp Inc)

General Consequences. Subject to subsection (B) of this Section 5.7 (Termination Fee7.2 and to Section 5.7(B), in the event of the termination or abandonment of this Plan pursuant to the provisions of Section 7.1, this Plan shall become void and have no force or effect, without any liability on the part of the Parties or any of their respective directors or officers or shareholder shareholders with respect to this Plan.

Appears in 1 contract

Samples: Merger Agreement (Interwest Bancorp Inc)

General Consequences. Subject to Section 5.7 (Termination Fee)7.3 and Section 8.5, in the event of the termination or abandonment of this Plan pursuant to the provisions of Section 7.1, this Plan shall become void and have no force or effect, without any liability on the part of the Parties or any of their respective directors or officers or shareholder shareholders with respect to this Plan.

Appears in 1 contract

Samples: Merger Agreement (United Security Bancorporation)

General Consequences. Subject to Section 5.7 (Termination Fee), in the event of the termination or abandonment of this Plan pursuant to the provisions of Section 7.1, this Plan shall will become void and have no force or effect, without any liability on the part of the Parties or any of their respective directors or officers or shareholder shareholders with respect to this Plan.

Appears in 1 contract

Samples: Consolidation Agreement (United Security Bancorporation)

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General Consequences. Subject to Section 5.7 5.6 -------------------- (Termination Fee) and Section 7.2(c), in the event of the termination or abandonment of this Plan pursuant to the provisions of Section 7.1, this Plan shall become void and have no force or effect, without any liability on the part of the Parties or any of their respective directors or officers or shareholder shareholders with respect to this Plan.

Appears in 1 contract

Samples: Merger Agreement (Community National Corp /Tn)

General Consequences. Subject to Section 5.7 (Termination FeeSections 5.7(B) and 5.7(C), in the event of the termination or abandonment of this Plan pursuant to the provisions of Section 7.1, this Plan shall become void and have no force or effect, without any liability on the part of the Parties or any of their respective directors or officers or shareholder shareholders with respect to this Plan.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Interwest Bancorp Inc)

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